The oil and gas industry pays a ton of money in severance taxes to energy producing states like Colorado, Wyoming and especially North Dakota. When oil prices were high, North Dakota took in about $10.5 million a day. But as prices have fallen, so has revenue. In the midst of this, North Dakota lawmakers have passed a bill to stabilize and lower the state’s oil and gas tax rate.
Very few people in the state capitol of Bismarck support the state's current tax system. Representative Al Carlson, the House Majority Leader, put it this way: